SAN JOSE, Calif./WASHINGTON, Dec 8 (Reuters) – The Biden administration on Thursday accused Meta Platforms Inc (META.O) of trying to buy its way to dominance in the metaverse, launching a high-profile lawsuit to try to stop parent Facebook from buying virtual reality app developer Within Inc. The FTC filed a lawsuit in July to end …
Meta takes on the US antitrust agency over the future of virtual reality Read More »
Photo: Sergey Yelagin (Shutterstock) European Union privacy regulators have ruled that Meta, the parent company of Facebook and Instagram, cannot donate up data for targeted advertising condition of membership in social networksaccording to information published on Tuesday in the the wall street journal and Reuters. The decision threatens to upend the social media giant’s business …
This privacy ruling against Facebook and Insta could put an end to targeted ads Read More »
England’s Anwar Almojarkesh (L) and Alan Chalabi (R) pose for a photo at Meta (formerly Facebook) headquarters in Menlo Park, California on November 9, 2022. Josh Edelson | AFP | Getty Images A group of Meta workers who joined the company through an on-the-job training program say they receive lower severance packages than other recently …
Some Meta employees claim they are not receiving promised severance pay Read More »
Surbhi Gupta received an early morning email from Meta about the layoff Recent massive layoffs at major US tech companies have left many Indians working on non-immigrant visas such as the H1-B in limbo. Surbhi Gupta, product manager at Meta who was among those affected, spoke to California journalist Savita Patel about how it took …
Meta, Amazon and Twitter layoffs: ‘Tech layoffs won’t destroy Indian American dreams’ Read More »
Meta Materials Inc (OTCMKTS: MMTLP) has a huge week ahead of it as the short squeeze enters its final days of trading and the huge estimated short position of 80-100 million now needs to be covered. The excitement over MMTLP is palpable with numbers like $60 per share or $80 per share at the height …
The number of layoffs in the tech sector this year is approaching the annual levels seen during the Great Recession, but is far from dot-com-bust territory. As tech companies grapple with falling stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications such …
‘It wasn’t sustainable or real’: Tech layoffs approaching Great Recession levels Read More »
A series of layoffs at major U.S. tech companies could put pressure on local housing markets amid a broader national chill. These layoffs, prompted in part by a series of Federal Reserve interest rate hikes and lower revenues, could lead to forced sales, hurt buyer confidence and result in lower down payments, even from buyers …
How Big Tech layoffs could impact some of the most expensive housing markets Read More »
Part of what has made the US job market so tight is that big, publicly traded companies have been hiring like crazy after the pandemic hit. Now that many are backtracking, it looks like a wave of unemployment is underway. The parent meta-platforms of Amazon, Disney and Facebook are all suddenly acknowledging that they have …
Mega-corporations have turned America’s job market upside down. They start again Read More »
As recessionary pressures continue to mount in the region and across the country, tech and biotech companies have now revealed plans for enough job cuts to cut more than 6,000 Bay Area jobs, reductions that could weigh on the region’s economy in the weeks and months. come. Job cuts affecting thousands of workers in the …
More than 6,000 tech and biotech job cuts upend Bay Area economy Read More »
As investors seek refuge in more defensive stocks, a market tech sees the Dow’s growing outperformance margin against the S&P 500 and Nasdaq as a sign that the latest rally in stocks could fade quickly like the last . In a Monday note to clients, Jonathan Krinsky, chief market technician at BTIG, said the Dow …
